Magnolia Oil & Gas (MGY) Q1 FY2025 earnings: revenue $350 million, up 9.7% on the year

Magnolia Oil & Gas Corp. (MGY) reported revenue of $350 million for Q1 FY2025, the quarter ended 31 March 2025, up 9.7% on the same quarter a year earlier. Net income was $103 million, up 21.0% on the year, and diluted earnings per share $0.54. The figures are the company's own, from the 10-Q it filed with the SEC on 1 May 2025.

Revenue$350 millionup 9.7%

Net income$103 millionup 21.0%

Diluted EPS$0.54

QuarterQ1 FY2025ended 31 March 2025

The quarter, against the one before and a year earlier

Line	Q1 FY2025	Q4 FY2024	Q1 FY2024	Change on the year
Revenue	350	327	319	+9.7%
Operating income	136	124	125	+9.0%
Operating margin	38.8%	38.0%	39.0%
Pre-tax income	132	111	118	+11.7%
Income tax	25.1	22.2	20.3	+23.6%
Effective tax rate	19.1%	20.0%	17.2%
Net income	103	85.6	85.1	+21.0%
Net margin	29.4%	26.2%	26.6%
Diluted EPS	$0.54	$0.44	$0.46	+17.4%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q1 FY2025	Q4 FY2024	Q1 FY2024	Change on the year
Operating cash flow	224	223	211	+6.4%
Cash from investing	-146	-138	-127	n/a
Cash from financing	-90.9	-101	-85.4	n/a
Depreciation and amortisation	106	105	97.1	+9.0%
Share-based compensation	6.5	4.5	4.7	+40.6%
Buybacks	52.4	n/a	51.2	+2.3%
Dividends paid	28.9	25.1	24.0	+20.4%
Dividend per share	$0.15	n/a	$0.13	+15.4%
Diluted shares, weighted	189m	191m	182m	+3.4%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q1 FY2025	Q4 FY2024	Q1 FY2024	Change on the year
Shareholders' equity	1,989	1,967	1,898	+4.8%
Debt	393	393	393	-0.2%
Operating lease liabilities	n/a	5.6	n/a	n/a
Other liabilities	487	455	517	-5.8%
Total liabilities and equity	2,869	2,821	2,808	+2.2%
Cash and equivalents	248	260	399	-38.0%
Receivables	158	148	196	-19.5%
Other assets	2,463	2,413	2,213	+11.3%
Total assets	2,869	2,821	2,808	+2.2%

Questions

What was Magnolia Oil & Gas' revenue in Q1 FY2025?

Magnolia Oil & Gas (MGY) reported revenue of $350 million for Q1 FY2025, the quarter ended 31 March 2025, up 9.7% on the same quarter a year earlier.

How much did Magnolia Oil & Gas earn in Q1 FY2025?

Net income for Q1 FY2025 was $103 million, up 21.0% on the year, and diluted earnings per share $0.54.

When did Magnolia Oil & Gas report Q1 FY2025 results?

Magnolia Oil & Gas filed its 10-Q for the quarter ended 31 March 2025 with the SEC on 1 May 2025.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	316	323	319	337	333	327	350	319	325	318	359	479
Operating income	148	138	125	134	129	124	136	108	101	94.1	128	240
Operating margin	47%	43%	39%	40%	39%	38%	39%	34%	31%	30%	36%	50%
Pre-tax income	149	145	118	132	132	111	132	102	95.4	88.2	122	232
Tax rate	21%	22%	17%	20%	20%	20%	19%	21%	18%	19%	17%	22%
Net income	102	98.4	85.1	95.6	99.8	85.6	103	78.1	75.5	68.8	99.8	182
Net margin	32%	31%	27%	28%	30%	26%	29%	24%	23%	22%	28%	38%
Diluted EPS	$0.54	$0.53	$0.46	$0.51	$0.52	$0.44	$0.54	$0.41	$0.40	$0.37	$0.54	$0.97
Operating cash flow	187	247	211	269	218	223	224	199	247	208	198	384
Buybacks	n/a	n/a	51.2	n/a	n/a	n/a	52.4	n/a	n/a	n/a	n/a	n/a
Dividends paid	21.8	21.6	24.0	23.8	24.7	25.1	28.9	28.4	28.1	27.8	30.5	30.8
Shares outstanding	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	185m	237m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 31 March 2025, filed 1 May 2025, accession 0001698990-25-000013: the filing on EDGAR. All of Magnolia Oil & Gas Corp.'s filings: EDGAR company page.

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